Zoetis, Mt. Olive Chamber making Morris County business news

Zoetis reports earnings increase

FLORHAM PARK Zoetis Inc. reported revenue of $1.1 billion for the first quarter of 2014, which was an increase of 1 percent from the first quarter of 2013.

Revenue reflected an operational increase of 4 percent, with foreign currency having a negative impact of 3 percentage points, according to a press release from the company.

Net income for the first quarter of 2014 was $155 million, or $0.31 per diluted share, an increase of 11 percent, compared to the first quarter of 2013. Adjusted net income for the first quarter of 2014 was $191 million, or $0.38 per diluted share, an increase of 7 percent and 6 percent, respectively, compared to the first quarter of 2013, the release said.

Adjusted net income for the first quarter of 2014 excludes the net impact of $36 million, or $0.07 per diluted share, for purchase accounting adjustments, acquisition-related costs and certain significant items, the release said.

"We began the year with 4 percent operational growth in revenue, adjusted net income growing faster than sales, and we remain confident in meeting our financial objectives for the year," said Zoetis Chief Executive Officer Juan Ramón Alaix.

Mount Olive chamber holding business networking presentation

MOUNT OLIVE: The Mount Olive Area Chamber of Commerce is hosting a "Lunch 'n Learn" on business networking on May 27 at Paragon Village on Route 46, beginning at 11:45 a.m.

Presenter for this very important topic is Mark Twentyman with Kingsbridge Realty Associates. The meeting is open to the business community at-large, as well as the general public. Cost is $25 for members, $30 for non-members - Save $5 by pre-paying during registration.

In June, the chamber will be honoring two of the region's leaders at its Annual Awards Dinner on June 10. Jerome Hagedorn, site head for the Siemens Healthcare Diagnostics Flanders facility, has been chosen as the Business Person of the Year while Norman Worth of WRNJ has been selected as the Humanitarian of the Year. The dinner will be held in the Presidents Circle at the Lackland Center at Centenary College from 6 p.m. to 9 p.m.

For further information about the luncheon, the awards dinner, and other chamber activities and events, visit www.mtolivechambernj.com. You can register in advance through the website.

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Zoetis, Mt. Olive Chamber making Morris County business news

FLORHAM PARK Zoetis Inc. reported revenue of $1.1 billion for the first quarter of 2014, which was an increase of 1 percent from the first quarter of 2013.

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